Manchester's Emerging Unicorns
More unicorn companies expected to join Manchester growing tech ecosystem soon.
12:56 12 July 2021
More unicorn companies will soon emerge from Manchester's rapidly growing tech ecosystem, Amelia Bampton, regional director of Codurance UK North has claimed.
Codurance, which has already produced five unicorns - Boohoo, AO, AutoTrader, On The Beach and The Group Hut - says the Norther city will soon see the list grow.
A unicorn is a privately owned start-up company in the tech sector that has achieved a valuation of more than $1bn.
Amelia said: “While it surprises me that there haven't been more homegrown unicorns of late, I’m all too aware of the city’s incredible start-up culture and its brave and bold ambitions to enhance its already world class reputation as a thriving technology and business destination.
“It’s remarkable to think there’s been a 127% increase in UK tech unicorn creation over the past few years.”
She added: “With Manchester being such a burgeoning startup hotbed, there is bound to be ‘futurecorns’ that will emerge. While being incredibly challenging, Covid has undoubtedly created some positivity for digital delivery businesses, accelerating their impact.
“I firmly believe more unicorns will emerge. Investors are ready and following the progress of a whole host of startups across the city region.”
Codurance, which currently employs more than 100 people with offices in London and Barcelona, supports start-ups throughout the lifecycle stages.